We analyse the impact of standard and non-standard monetary policy measures on bank profitability. For empirical … identification, the analysis focuses on the euro area, thereby exploiting substantial bank and country heterogeneity within a … monetary union where the central bank has implemented a broad range of unconventional policies, including quantitative easing …

unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit … monetary policy shock on GDP and inflation; (3) for business loans, the impact through the (supply) bank lending channel is …

, operates mainly through the credit channel, both the bank lending and the non-financial borrower balance-sheet channel. Our … results suggest that the bank-lending channel has been partly mitigated by the ECB nonstandard monetary policy interventions …

the introduction of negative deposit rates by the European Central Bank in June 2014 and a novel securities register for …

crisis, and of the provision of central bank liquidity during the crisis. Exploiting the euro area institutional setting for … monetary and prudential policy and using the Bank Lending Survey, we show that in the period prior to the crisis, in an … environment of low monetary policy interest rates, bank lending conditions unrelated to borrowers' risk were softened. During the …

evolution of bank credit. We use a unique loan-level dataset comprising multiple credit registers from several European … with borrower and bank-level characteristics and with indicators summarising macroprudential and monetary policy actions …. We find that monetary policy easing increases both bank lending and lending to riskier borrowers, especially when there …

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …